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Securitization People and Markets

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  • The moves by Morgan Stanley and Goldman Sachs to become bank holding companies regulated by the Federal Reserve should not have an effect on the loan market, market participants said.
  • The syndicated loan market took a step into the present last week with the launch of Loan/SERV, a reconciliation service from The Depository Trust & Clearing Corporation.
  • Providence Equity Partners has created a capital markets group and hired Thomas Gahan as president.
  • Doug McGregor and Mark Standish have been named co-ceos of Royal Bank of Canada’s capital markets division.
  • Delray Beach, Fla. boutique investor Vanquish Capital has brought on Ryan Sadorf as cfo to replace Alyssa D’Amore, who left in August along with three portfolio managers (TS, 9/2).
  • John Uhlein, chief of U.S. structured finance at Ambac, is leaving the company.
  • An ABX trader at UBS, Michael Boyle, has left the bank.
  • Barclays Capital will not be taking over Lehman Brothers’ loan book as part of its acquisition of some of the firm’s businesses.
  • Christopher Hoeffel, a senior commercial real estate executive who earlier this month resigned from JP Morgan, has landed at New York-based Investcorp.